Thursday, May 29, 2003

WSJ.com - Microsoft's Gates:Deal Puts Any Past Issues Behind Us

WSJ.com - Microsoft's Gates:Deal Puts Any Past Issues Behind Us "AOL Chairman and Chief Executive Dick Parsons said in a teleconference Thursday he plans to use proceeds from the deal to retire some of the New York-based media conglomerate's debt. Microsoft has no debt and more than $45 billion in cash.
As part of the settlement, Microsoft, Redmond, Wash., will also let AOL license its Internet Explorer browser royalty-free for seven years. AOL has used Microsoft's browser for its flagship Internet access service, despite its ownership of Netscape and its strained ties to Microsoft."

Looks like net gain Microsoft to me...
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